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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $201.11
- 2 Days on Market
- MLS # : O5925026
- Updated Date : 02/21/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,442 sqft
- Baths : 2 full
Listing Agent
Keller Williams Heritage Realty
Listing Agent's Description
"Excellence Always Sells" - Earl Nightingale. If this is true, this house will not last long! A total update from top to bottom has been completed on this property. This beautiful home sits on a private cul-de-sac in a quiet and serene community that features a private lake. Community also features a private park with tennis courts and community pool! The list is long but here are the highlights: Brand NEW architectural shingle roof, NEW metal patio roof, Brand NEW Kitchen with Quartz counter tops, herring bone style back splash, and custom soft close cabinets! All NEW wood-look tile Flooring through out the home. The Master bathroom has NEW designer style dual sink vanity and subway tile shower. All NEW lighting, NEW Paint both inside and outside. NEW doors, NEW outlets and switches, NEW baseboards, NEW sod, fully fenced in yard....and the list goes on! The AC was installed in 2018. Come take a look before it's gone!
SEE MORE
- Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Orlando inherits the same rank being part of Florida.
- Orlando metro's economy is worth $141 billion in Gross Metro Product and projected to grow to $149 billion in 2019 (USMayors.org, 2018)
- Together Walt Disney World Resort and Universal Orlando Resort employ 96,000 people and drive tourism (Orlando Economic Partnership)
- Orlando metro employment growth is at 3.5% and predicted to grow at 2.5% in 2019 (USMayors.org, 2018)
- Orlando metro contributes to 13.8% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
- Orlando metro has 64.8% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
- Orlando ranks 7th in U.S. for economic growth (Milken Instutute/ Orlando Sentinel, 2018)
- Major employers in Orlando market: Walt Disney World Resort; Advent Health; Universal Orlando Resort; Orange County Public Schools; University of Central Florida; Lockheed Martin; and Darden Restaurants.
- Space coast area has attracted $1.4 billion in capital investments over the past 6-years and generated 1,800 new jobs in 2017 (WSJ, 2017)
PRICE & RENT TRENDS
Neighborhood: Piedmont Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Piedmont Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,530 |
| EXPENSES | Loan Payment | -$1,007 |
| Property Tax | -$312 | |
| Property Insurance | -$122 | |
| HOA | -$37 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$77
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$290,000
PROJECTED PRICE
$1,530
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 10.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.99% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$82,600
LOAN DETAILS
$1,007
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,500 |
| Loan Amount | $217,500 |
4.17
YEARS SAVED
$11,158
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,530
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$1,575
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
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905 Hyacinth Cove Ct Apopka, FL 3
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2887 Bermuda Ave N Apopka, FL 1
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- $1,400
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1233 Lake Piedmont Cir Apopka, FL 2
- 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1988
LEASED 04/30/20- Rent
- Rent Per SQFT
- $1,500
- $1.01
-
3188 Barbados Ct Apopka, FL 4
- 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1980
LEASED 06/26/20- Rent
- Rent Per SQFT
- $1,600
- $1.15
-
1314 Ashby Cir Apopka, FL 5
- 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1989
LEASED 11/12/20- Rent
- Rent Per SQFT
- $1,675
- $1.12
PROPERTY LISTING DETAILS
1.407.617.7808
Keller Williams Heritage Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5925026
Last Updated: 02/21/2021
